๐ MARKET UPDATE โ 8 OCTOBER 2026
Pakistan Time (GMT+5) | 7:08 AM
๐ก GOLD: Gold recovered around 0.4% to $4,127/oz after touching a two-month low. Strong USD and Treasury yields remain the main pressure, while markets are watching the Fedโs rate outlook. ๏ฟฝ
Reuters +1
โฟ BTC: Bitcoin remains under pressure around $83Kโ$85K after a sharp sell-off. Rising Treasury yields, oil prices and a stronger dollar are weighing on risk assets. $83K is an important support; $86.5Kโ$87K is key resistance. ๏ฟฝ
Barron's +1
โฆ๏ธ ETH: Ethereum dropped roughly 5%, trading around $2,560 amid the broader crypto sell-off. ETH sentiment has weakened, with recent ETF outflows adding pressure. ๏ฟฝ
Barron's +1
โ๏ธ XRP: XRP fell about 5% to $1.42. Fund demand has weakened significantly, while the $1.50 level has been lost. The $1.40 area is now an important level to watch. ๏ฟฝ
au.investing.com
๐ MARKET MOOD: BEARISH / HIGH VOLATILITY โ Rising yields + strong USD + oil above $100 are currently creating pressure on both crypto and gold.
**โ ๏ธ Traders should watch the Fed rate outlook and Treasury yields closely today.**
Pakistan Time (GMT+5) | 7:08 AM
๐ก GOLD: Gold recovered around 0.4% to $4,127/oz after touching a two-month low. Strong USD and Treasury yields remain the main pressure, while markets are watching the Fedโs rate outlook. ๏ฟฝ
Reuters +1
โฟ BTC: Bitcoin remains under pressure around $83Kโ$85K after a sharp sell-off. Rising Treasury yields, oil prices and a stronger dollar are weighing on risk assets. $83K is an important support; $86.5Kโ$87K is key resistance. ๏ฟฝ
Barron's +1
โฆ๏ธ ETH: Ethereum dropped roughly 5%, trading around $2,560 amid the broader crypto sell-off. ETH sentiment has weakened, with recent ETF outflows adding pressure. ๏ฟฝ
Barron's +1
โ๏ธ XRP: XRP fell about 5% to $1.42. Fund demand has weakened significantly, while the $1.50 level has been lost. The $1.40 area is now an important level to watch. ๏ฟฝ
au.investing.com
๐ MARKET MOOD: BEARISH / HIGH VOLATILITY โ Rising yields + strong USD + oil above $100 are currently creating pressure on both crypto and gold.
**โ ๏ธ Traders should watch the Fed rate outlook and Treasury yields closely today.**